The majors continued pushing higher overnight. The sentiment is pretty strong. During the RTHs the small-cap started weakening. After ticks of a new high, it went into negative territory and shred off 0.8% before buyers stepped in. After the hour the administration announced a list of $200 billion new tariffs for Chinese products. The futures dropped more than a half of percent.
Made 15 trades today. I rolled 3 of my ITM RUT in both puts and calls when I saw the weakness in RUT. My plan was to move all of the ITM positions to mid of August so I can make the trip to China. I may not be able to make it since my net liq is very thin. I may be on margin call if a major move happens during my absence. I sold a couple of RUT mid-August bull puts for clients. I may sell more if the market continues to slide tomorrow. I will try to roll my SPX ITM bear calls. I may face some difficulty on the put side margin requirement.
Net liq is back at 112K. The margin ratio is at 44%. The margin is on the put side now.
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